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[¶12,065] In the Matter of North State National Bank, Chico, California, Docket
No. 03-102q (7-1-03).
Status of bank as an insured national bank terminated.
In the Matter of
NORTH STATE NATIONAL BANK
CHICO, CALIFORNIA
(Insured National Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE
FDIC-03-102q
Pursuant to section 8(q) of the Federal Deposit Insurance Act (the
"Act"), 12 U.S.C. §1818(q), and section 18(i)(3) of the Act,
12 U.S.C. §1828(i)(3), the Federal Deposit Insurance Corporation
("FDIC"), having found that Tri Counties Bank, Chico, California
("Tri Counties") has provided to the FDIC on April 18, 2003
satisfactory evidence that it has assumed the liabilities for deposits
of North State National Bank, Chico, California, ("Insured
Institution") as of April 4, 2003, as required by section 307.1 of
the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that Tri
Counties notified Insured Institution's depositors of its assumption
of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of the Insured Institution
as an insured national bank be, and hereby is, terminated on April 18,
2003.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by Tri Counties from Insured Institution shall terminate at the
expiration of October 6, 2003,
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or in the case of any time deposit, the
earliest maturity date after October 6, 2003, as provided in section
8(q) of the Act, 12 U.S.C. §1818(q).
Pursuant to delegated authority.
Dated at Washington, D.C., this 1st day of July, 2003.
